MIG Capital LLC Has $29.10 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

MIG Capital LLC grew its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,104,652 shares of the company's stock after buying an additional 136,595 shares during the quarter. Celsius accounts for approximately 3.0% of MIG Capital LLC's holdings, making the stock its 16th biggest holding. MIG Capital LLC owned 0.47% of Celsius worth $29,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC boosted its position in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC grew its stake in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after buying an additional 1,114 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after buying an additional 441 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in shares of Celsius in the fourth quarter valued at approximately $50,000. 60.95% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CELH shares. JPMorgan Chase & Co. initiated coverage on Celsius in a research report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price target on the stock. TD Cowen lowered Celsius from a "buy" rating to a "hold" rating and lowered their target price for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Morgan Stanley reaffirmed an "equal weight" rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Roth Mkm reissued a "buy" rating and set a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.29.

Celsius Stock Up 1.3 %

NASDAQ CELH traded up $0.49 on Friday, reaching $37.02. The company had a trading volume of 1,646,167 shares, compared to its average volume of 7,680,590. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 84.49, a PEG ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The stock's 50 day moving average is $29.13 and its 200-day moving average is $29.02.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Celsius Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.